General News

April 27, 2017 @ 4:30 pm By Samantha Hurst  |  

On Thursday, Kuflink received full authorization from the Financial Conduct Authority (FCA) for its peer-to-peer lending platform. According to the registration, Kuflink has been given permission to provide regulated products and services, which includes accepting deposits, provide credit to consumers, offer investment advice, and arrange deals with… Read More

April 27, 2017 @ 3:07 pm By Erin Hobey  |  

Online payment platform Payza announced that its members in China can now utilize their Payza e-wallets using WeChat, UnionPay, and ePayLinks. Chinese Payza members may also now perform online transactions in Chinese Yuan Renminbi (CYR). The company has offered basic services in China since 2012, however, this is… Read More

April 27, 2017 @ 2:58 pm By Samantha Hurst  |  

Global fintech firm InvestCloud announced on Thursday it was selected by MASECO Private Wealth to provide client and advisor portals to the company’s UK/U.S. customers. InvestCloud reported it would deliver comprehensive client communication and reporting capabilities, which includes the automation and consolidation of client reports online…. Read More

April 27, 2017 @ 2:11 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has sued four online lenders for collecting debt from consumers they allegedly did not owe. The four lenders include: Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – The suit… Read More

April 27, 2017 @ 1:04 pm By JD Alois  |  

ReCode is out with a report that Apple (NASDAQ:AAPL) is expected to push further into the Fintech space by providing a Venmo-like peer to peer money transfer service. Jason Del Rey, writing for ReCode, predicted the new service would be called Apple Cash – thus… Read More

April 27, 2017 @ 11:44 am By Samantha Hurst  |  

Just a little over six months after launching its iOS app, UK-based equity crowdfunding platform, Crowdcube, announced the debut of the app’s v2.0. This new version will allow investors to invest not only through their iPhones but also through their iPads as well. While sharing… Read More

April 27, 2017 @ 10:31 am By Erin Hobey  |  

Nigerian Kudi Capital Management Ltd announced the public launch of Kudimoney, a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. Kudimoney aims to differentiate itself from OneFinance, Kiakia, C24, Snapcredit and QuickCheck by offering uncollateralizedloans to individuals within one hour. The company platform counts over 5,000 registered… Read More

April 27, 2017 @ 10:27 am By Samantha Hurst  |  

Norway-based fintech startup Tribe has reportedly received an investment from independent management and technology consultant, BearingPoint. According to Tribe, the new investment will bring it and BearingPoint together and the duo will enter into a long-term partnership to expand each of their service portfolios. Tribe describes itself… Read More

April 27, 2017 @ 10:16 am By Erin Hobey  |  

Home Capital Group Inc. (TSX: HCG) announced that its subsidiary, Home Trust, has reached a non-binding agreement in principle with a non-disclosed institutional investor for a credit line in the amount of $2 billion. It is expected that a firm commitment will be agreed to later… Read More

April 27, 2017 @ 9:31 am By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Thursday it has formed a partnership with Millicom’s subsidiaries Tigo Money to open up new remittance routes to El Salvador and Guatemala. This new collaboration will notably enable Salvadorans and  Guatemalans abroad to send money transfers instantly to… Read More

April 27, 2017 @ 7:01 am By Erin Hobey  |  

US state regulators have filed a lawsuit against the Office of the Comptroller of the Currency, upping the ante in an increasingly bitter dispute over the federal agency’s plans to offer bank charter status to qualifying fintech firms, according to a release. The complaint, lodged by… Read More

April 27, 2017 @ 6:46 am By Erin Hobey  |  

Today, the Consumer Financial Protection Bureau (CFPB) took action against Security National Automotive Acceptance Company (SNAAC), an auto lender with headquarters in Ohio, specializing in loans to servicemembers, for violating a CFPB consent order. In 2015, the CFPB ordered SNAAC to pay penalties for illegal… Read More

April 27, 2017 @ 1:00 am By Samantha Hurst  |  

Business summit FutureTech Congress is set to be held on May 24th and 25th in the city of Warsaw. According to its organizers, the event is set to address various trends in the insurtech, fintech, and big data industries, along with host experts from all over… Read More

April 26, 2017 @ 4:35 pm By Samantha Hurst  |  

Indiegogo announced on Wednesday, EllieGrid, the creator of Smart Pillbox, received $75,000 in flash funding from the crowdfunding platform’s partner, Arrow. The funding portal stated that EllieGrid would get access to design tools, a 10% parts discount, and expert one-on-one support from Arrow’s engineering team… Read More

April 26, 2017 @ 3:45 pm By Samantha Hurst  |  

POD Point announced on Wednesday it has formed an initiative with global real estate service provider, Savills. The company reported that the new partnership will encourage electrical vehicle (EV) charging across Savills’ managed retail parks and shopping centers throughout the UK. The POD Point team revealed:… Read More

April 26, 2017 @ 2:39 pm By Samantha Hurst  |  

On Wednesday, crowdfunding giant Kickstarter announced that more than 12.7 million backers have raised $3 billion to go towards independent creators on the funding portal. It was revealed: “Every five seconds someone backs a Kickstarter project. More than 12.7 million people around the world have… Read More

April 26, 2017 @ 2:37 pm By JD Alois  |  

The California intrastate crowdfunding bill (AB 1517) took another step in the direction of becoming an actual law yesterday.  On Tuesday, April 25th, the bill was green-lighted by the Assembly Banking and Finance Committee. Next up is the Assembly Appropriations Committee. A hearing on the AB… Read More

April 26, 2017 @ 1:51 pm By Samantha Hurst  |  

California-based fintech company Robinhood announced on Wednesday it not only has reached two million users, but it also secured $110 million during its recent Series C funding round, which was led by DST Global, with participation from NEA, Index Ventures, Ribbit Capital, Thrive Capital and… Read More

April 26, 2017 @ 12:05 pm By Samantha Hurst  |  

Blockchain tech company, Humaniq, announced on Tuesday it has officially formed a new cryptocurrency partnership with BOScoin. with South Korean cryptocurrency platform, BOScoin. The partnership will allow both companies to share strategy resources in technology while BOScoin will support Humaniq’s Asia expansion and Humaniq will support BOScoin’s… Read More

April 26, 2017 @ 11:44 am By Samantha Hurst  |  

Tipalti announced on Wednesday it is enhancing its NetSuite integration by launching a touchless invoices process. According to the fintech company, the enhanced integration allows NetSuite clients to streamline their entire end-to-end accounts payable and supplier payments workflow, from supplier onboarding and vetting to AP tax… Read More